Big data has gotten a lot of press recently – and rightly so. With the vast amounts of data now available, we can do more than could have been imagined in previous decades. But there is another face to big data … and that is, companies now have to manage some very big risks.
It’s hard to visualize the amount of data we’re talking about. But as one article put it, “In 2011 alone, 1.8 zettabytes (or 1.8 trillion gigabytes) of data will be created, the equivalent to every U.S. citizen writing 3 tweets per minute for 26,976 years.” And this number is anticipated to grow by a magnitude of 50 times by the year 2020.